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National payment system in Kazakhstan unfeasible: experts

Amidst sanctions standoff between the West and Russia, Kazakhstan is concerned with the lack of its own payment system. Experts comment on possibilities and limitations in introducing such a system.

National payment system in Kazakhstan unfeasible: experts
©Yaroslav Radlovsky
Kazakhstan does not need its own payment system: experts

Experts believe that Kazakhstan does not need its own payment system and doesn't have the conditions to effectively introduce it.

Kazakhstan does not need its own payment system: experts
©REUTERS/Jonathan Bainbridge
MasterCard has first swipe in Myanmar

MasterCard on Thursday said it had signed a deal with a Myanmar bank that it hopes will pave the way for electronic payments, in an impoverished country where most transactions are made in cash.

MasterCard has first swipe in Myanmar
©REUTERS/Sean Gardner
Visa, MasterCard to pay billions in card-fee suit

Credit card giants Visa and MasterCard agreed Friday to pay more than $6 billion to millions of merchants which had sued them for allegedly fixing card-use fees.

Visa, MasterCard to pay billions in card-fee suit

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